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but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitlement saving including raising the medicare req
but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and...
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Dec 8, 2012
12/12
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today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes in telling me why i'm wrong. and our other guest, david johnston wrote "the fine print." stephen, you are our resident anti-tax crusader. i totally agree every penny counts when it comes to your own money. when you compare the taxes most americans paid in past decades i don't get why republicans are screaming bloody murder about this. what would be so bad with the wealthiest among us chipping in a little bit more? i'm emphasizing just a little bit more. >> when you showed that chart of the tax rates that was exactly accurate. we had 70% tax rates in the '70s. that didn't turn out well. then we c
today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes...
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Nov 8, 2012
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obama can sit on his hands and not sign any extension of the bush tax cuts. so he's got a very difficult task ahead. i think he has less leverage than in the summer of 2011. he signaled very publicly yesterday he's open to revenue raisers. what that constitutes is anyone's guess. it could be a magic dynamic growth stuff, but he realized at this jeng tunction tur he doesn have a lot of chips to play. he has to go back to his caucus and sell it. >> let's see what he said on reaching out to congressional republicans. let's play it please. >> that door is open. it has been open. what we want to do is break that misguided notion that somehow obstruction is a winning strategy and that partisan ship should take precedence over progress. >> michael let me bring you in on this. so interesting, doris keans-goodwin says he has to use the people. in private people say they're sick of the gridlock. no one wants to see the dow tumble saturday of investors allegedly being concerned about the fiscal cliff here. that people are certainly hoping for somehow a new day and not t
obama can sit on his hands and not sign any extension of the bush tax cuts. so he's got a very difficult task ahead. i think he has less leverage than in the summer of 2011. he signaled very publicly yesterday he's open to revenue raisers. what that constitutes is anyone's guess. it could be a magic dynamic growth stuff, but he realized at this jeng tunction tur he doesn have a lot of chips to play. he has to go back to his caucus and sell it. >> let's see what he said on reaching out to...
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Dec 6, 2012
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adelson stands to pay a whole, whole lot more in taxes now that mr. obama has won a second term. and mr. adelson says he intends to double his spending on conservative causes with a particular focus on anti-union measures in the states. labor unions played a big part in mr. adelson's conversion to democrat to republican kingmaker. he fought with members picketing outside his hotel in las vegas. he tried to fight them in court, until find the supreme court declined to take his case. in testimony for the nevada state ethics commission, future democratic congresswoman and unsuccessful candidate shelly berkeley said adelson had told her, "old democrats were with the union and he wanted to break the back of the union, subsequently he had to break the back of the democrats." that fight, the war with labor changed sheldon adelson from being just another social liberal on the sidelines of politics to sheldon adelson, contributor on an historic scale to republicans who do not share his social values and this goes to a fundamental truth about the republican party. which is that the republi
adelson stands to pay a whole, whole lot more in taxes now that mr. obama has won a second term. and mr. adelson says he intends to double his spending on conservative causes with a particular focus on anti-union measures in the states. labor unions played a big part in mr. adelson's conversion to democrat to republican kingmaker. he fought with members picketing outside his hotel in las vegas. he tried to fight them in court, until find the supreme court declined to take his case. in testimony...
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. >>> the relationship between president obama and house speaker john boehner can sometimes seem tense and awkward, so snl decided to try and explain it. >> in order to get the support of the speaker, i agreed there would be no tax increases, i repeat, zero tax increases. why would i do that? i mean i won the election. i had the leverage, why give in? well, simply put, i felt sorry for this man. early this week, i found my way into the congressional cafeteria, and what do i see? john boehner, sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends and colleges. tell them what your so called friends did to your office desk? >> it was a rubber snake. >> a rubber snake. and did it scare you? >> it did. >> i was so heart broken to hear this, i said look, how about this, john. if you agree to a 1% raise on the top two americans, just two people, i will dissolve social security -- dissol
. >>> the relationship between president obama and house speaker john boehner can sometimes seem tense and awkward, so snl decided to try and explain it. >> in order to get the support of the speaker, i agreed there would be no tax increases, i repeat, zero tax increases. why would i do that? i mean i won the election. i had the leverage, why give in? well, simply put, i felt sorry for this man. early this week, i found my way into the congressional cafeteria, and what do i see?...
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he's saying here $800 billion now will you sit down with us, obama? >> twistill with the votes get counted in his caucus of republicans, boehner seems to have more room to maneuver than he did in preelection face-offs over political matters. even if the republican speaker gets a deal, can he get it passed? joining me now, republican congressman tom cole of oklahoma and marsha blackburn of tennessee, thank you both so much for joining us, that's really the key question, we keep saying they'll get a deal, they'll get something. it doesn't matter whether the two of them get a deal, it matter also the speaker haas the house votes to vote for it. how free a hand do you think the speaker has? >> i think inside the caucus, what people are looking at is how do we solve the system-wide problems? and if you're going to talk revenues, you've got to talk cuts. you have to talk reforms. you've got to talk trust funds and medicare and entitlements. >> 20-something days to do that. >> these are things that we have been talking about for years. the fiscal cliff is a
he's saying here $800 billion now will you sit down with us, obama? >> twistill with the votes get counted in his caucus of republicans, boehner seems to have more room to maneuver than he did in preelection face-offs over political matters. even if the republican speaker gets a deal, can he get it passed? joining me now, republican congressman tom cole of oklahoma and marsha blackburn of tennessee, thank you both so much for joining us, that's really the key question, we keep saying...
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Dec 9, 2012
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is taking his message of middle class tax cuts on the road. he tomorrow he'll tour a diesel engine shop. >>> have you every fallen asleep while watching tv only to be blasted awake by a loud ad. >> wow! that's a low price! >> i know! >> weeeee! >> starting thursday, the commercial advertisement loudness mitigation act, better known as calm goes into effect. the law which congress passed in 2010, bans ads from being louder than the tv program their interrupting. >>> we'll talk about that presidential trip to michigan and what he'll say about the large show showdown there after these not so large commercials. [ male announcer ] break the grip of back or arthritis pain with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> we are back with steven moore and jackie calms, michigan in this sort of methodic, at least in terms of the political times right now t electric chur passes a right to work law in michigan, kind of at least one of the cradles of the union and it would mean tha
is taking his message of middle class tax cuts on the road. he tomorrow he'll tour a diesel engine shop. >>> have you every fallen asleep while watching tv only to be blasted awake by a loud ad. >> wow! that's a low price! >> i know! >> weeeee! >> starting thursday, the commercial advertisement loudness mitigation act, better known as calm goes into effect. the law which congress passed in 2010, bans ads from being louder than the tv program their interrupting....
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Dec 22, 2012
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the christmas holiday there, you see president getting off the plane, but before he left, president obama urged republicans and democrats alike to get it done. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> congress is also in recess until after christmas. in his weekly address, house speaker john boehner accused the president and senate democrats of failing to offer a responsible solution. boehner's own proposal had to be pulled this week after he failed to get enough support from fellow republicans. >>> and the national rifle association promised meaningful contributions to avoid another tragedy like the one in newtown, connecticut. friday, the gun rights group unveiled that plan. nra executive vice president wayne lapierre says the u.s. should put armed guards in all schools. the comments came one week after
the christmas holiday there, you see president getting off the plane, but before he left, president obama urged republicans and democrats alike to get it done. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days....
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Dec 4, 2012
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out there, the republican from oklahoma, who said we're draz si if we don't extend the middle class tax cuts. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes back if we do nothing. >> the conversation in washington being separate from what it feels like the real needs of the country, a familiar feeling for me. i often have this frustration that the beltway discussion is not what the important questions are that are facing the country. in this case, i feel like as long as we're willing to talk about the economic needs of the country, as long as we're willing to talk about fiscal policy, how can it be we're not talking about new stimulus. the republicans ran against that as if the stimulus was this awful thing. but the republicans lost and we have an ec
out there, the republican from oklahoma, who said we're draz si if we don't extend the middle class tax cuts. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes...
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Nov 11, 2012
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we have a 2% growth rate not projected to do better than 3%. >> with a top tax rate that obama wants to take to 34%, with tsunami regulations and an attack on energy, they now announced they want an energy tax, something they didn't announce during the campaign. so there's a whole series of damaging things. the market sees this is not exactly a healthy plan for the economy. of course you have a lousy growth rate as long as you have democrats threatening to throw out tax increases on the economy in addition to the regulatory burden, you've got french rates of economic growth. >> let's say we let the bush tax cuts expire at the end of the year, and then congress moved to increase tax rates. would that count? would that violate your pledge? >> that would clearly be -- look, you can't go to the american people and say, we raised taxes 500 billion and then we cut it 400 billion, please only look at the cut, not the overall rate. if you raise taxes $100 billion on the american people, they're going to notice it. it doesn't pass the laugh test. >> grover, thanks for being with us again. >>
we have a 2% growth rate not projected to do better than 3%. >> with a top tax rate that obama wants to take to 34%, with tsunami regulations and an attack on energy, they now announced they want an energy tax, something they didn't announce during the campaign. so there's a whole series of damaging things. the market sees this is not exactly a healthy plan for the economy. of course you have a lousy growth rate as long as you have democrats threatening to throw out tax increases on the...
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Dec 9, 2012
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president obama taking his message of middle class tax cuts back on the road. he will visit a engine plant in detroit tomorrow. it will pull him into michigan's right to work legislation that limits union ability to organize workers. have you ever fallen asleep by watching tv only to be blasted away by a loud add? >> wow, that's a low price! >> starting thursday, the commercial advertisement loudness mitigation act goes into effect. the law which congress passed in 2010 bans adds from being louder than the tv program they're interrupting. we'll talk about that presidential trip to michigan, and what he'll say about the union showdown there. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited re
president obama taking his message of middle class tax cuts back on the road. he will visit a engine plant in detroit tomorrow. it will pull him into michigan's right to work legislation that limits union ability to organize workers. have you ever fallen asleep by watching tv only to be blasted away by a loud add? >> wow, that's a low price! >> starting thursday, the commercial advertisement loudness mitigation act goes into effect. the law which congress passed in 2010 bans adds...
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Jul 10, 2012
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. >> president obama is asking for congress to extend tax cuts to just the middle class. the bush era tax cuts are expiring at the end of this year. the president wants congress to pass a one-year extension for households making less than 200 to $8,000 per year >> right now our top priority has to be giving middle-class families and small businesses, the security they deserve >> i think the president will understand he is in a bad economic position. he will cave and we will not see the tax increases he hopes for >> white house says he will refuse to sign it. >> we hope for the best but it didn't work out that way >> his life turned upside down for doing what he thought was right. the bart ticket agent fired for helping out a teenager talks only with cbs five >> on on the bleachers at one of san francisco's most popular parks but there is no place to sit down. why will explain when we come back >> robotic calls are back and they are ringing off the hook. [ male announcer ] it started long ago. it's called passion. and it's not letting up anytime soon. at unitedhealthcare i
. >> president obama is asking for congress to extend tax cuts to just the middle class. the bush era tax cuts are expiring at the end of this year. the president wants congress to pass a one-year extension for households making less than 200 to $8,000 per year >> right now our top priority has to be giving middle-class families and small businesses, the security they deserve >> i think the president will understand he is in a bad economic position. he will cave and we will...
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those drastic spending cuts and tax hikes that kick in if president obama and congress don't strike a budget deal by the end of the year. tom foreman reports the president could get some pointers from a former president who was also a master negotiator, abraham lincoln. >> reporter: for those looking for inspiration in these troubled times, the new movie "lincoln" may be just what the director ordered. by all accounts, a mix of personal and political wisdom. >> it is a self-evident truth of things which are equal to the same thing are equal to each other. >> reporter: at the white house, president obama has long admired the 16th president. he took the oath on the same bible lincoln used. he stopped by the lincoln memorial. he often reads about lincoln and he's quite fond of quoting the rail splitter. >> i'm far more mindful of my own failings knowing exactly what lincoln meant when he said i have been driven to my knees many times by the overwhelming conviction that i had no place else to go. >> reporter: so what lessons might lincoln have for this president's second term? considering
those drastic spending cuts and tax hikes that kick in if president obama and congress don't strike a budget deal by the end of the year. tom foreman reports the president could get some pointers from a former president who was also a master negotiator, abraham lincoln. >> reporter: for those looking for inspiration in these troubled times, the new movie "lincoln" may be just what the director ordered. by all accounts, a mix of personal and political wisdom. >> it is a...
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Jul 5, 2012
07/12
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>>> governor romney taking a stand on a the individual mandate is indeed a tax and president obama broke a promise to americans not to tax them. >>> preventing bone fractures common in older people. what you need to do know about vitamin-d. it's all "happening now." jon: a good nurse morning thursday morn to you. hope you had a good holiday. we did. terror raids ahead of the summer olympics. i'm jon scott. jenna: i'm jenna lee. brit tish police arrested those who were con spiring terrorist attacks the owe olympics begin three weeks from now. the country is on high alert because of them. greg palkot is live with more. greg? >> reporter: we've been talking to authorities over the past several weeks and they say as the olympics approach they are on high alert for any kind of terror attack. today is a sign they are ready to move. stressing the six arrests we saw today, not directly linked to olympics but three people nabbed by armed counterterrorism officers early this morning happened a mile from the olympic site. those officers using by the way stun grenades and tasers as well. they were r
>>> governor romney taking a stand on a the individual mandate is indeed a tax and president obama broke a promise to americans not to tax them. >>> preventing bone fractures common in older people. what you need to do know about vitamin-d. it's all "happening now." jon: a good nurse morning thursday morn to you. hope you had a good holiday. we did. terror raids ahead of the summer olympics. i'm jon scott. jenna: i'm jenna lee. brit tish police arrested those who...
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Aug 24, 2012
08/12
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plan is to cut more taxes and go back to the regulation >> the obama campaign getting some help on that issue in this you advertise are featuring former president clinton. he is also getting a boost from an important pulling block, he has a double-digit margin with women in all three of those battleground states. there is a chance tropical storm is it will show up in tampa. it is expected to be a category one hurricane by then and while tampa will likely not take a direct hit it will get a lot of rain. there are contingency plans in place though they say there are no plans to cancel the convention >> the state's largest outlet mall is about to open and you won't need to pay full retail prices. bonn for gives us a sneak peek inside the new album mall in livermore. >> it will be one of the high end premier howliet centers for the west coast >> is one of the largest howliet being built in the nation. general manager michael says that this mall is different >> is 100 percent leased. i've never seen a property coming out the gate that has such a great talent lineup >> all 120 spaces are alre
plan is to cut more taxes and go back to the regulation >> the obama campaign getting some help on that issue in this you advertise are featuring former president clinton. he is also getting a boost from an important pulling block, he has a double-digit margin with women in all three of those battleground states. there is a chance tropical storm is it will show up in tampa. it is expected to be a category one hurricane by then and while tampa will likely not take a direct hit it will get...
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barack obama didn't fight this campaign on it being a tax. he fought it on a mandate with a penalty. exactly what mitt romney did in massachusetts. mitt romney is now distancing himself from what he did in massachusetts and clearly implying it was a terrible idea after all even though most people in massachusetts believe it works pretty well. here's the key thing. when it comes down to the level of money that we're talking about in massachusetts very few penalties have actually been administered. most people get the insurance. you can take it to the enth degree extreme but the american people aren't stupid. whatever this is, it's not the greatest taxation in history. let's try to get the argument back down to a sensible argument. >> something i didn't say on this show but let me say this. >> hold on. the congresswoman said it. >> hold on. >> michele bachmann said that. the question is this, do you think -- let me ask you -- wait. wait. let me ask you, as a republican strategist, when michele bachmann, a very key high profile member of the rep
barack obama didn't fight this campaign on it being a tax. he fought it on a mandate with a penalty. exactly what mitt romney did in massachusetts. mitt romney is now distancing himself from what he did in massachusetts and clearly implying it was a terrible idea after all even though most people in massachusetts believe it works pretty well. here's the key thing. when it comes down to the level of money that we're talking about in massachusetts very few penalties have actually been...
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Feb 14, 2012
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some of the things that i think obama has done effectively. number one, in terms of outreach in currency manipulation. engaging our other g-20 partners saying you can't do that. >> which they are still doing it. so the accomplishment is saying something. >> but he's been praised by a number of foreign policy people from across the spectrum saying that was a good place to start. >> so rereceived praise is talked to people. neither of which solve our trade problem. >> but he has a coalition together. it's not just us saying to china saying you can't manipulate currency. one other thing. with china, i think some of the leverage, as we were talking about before, they are also a growing economic power. they are growing their own middle class. our leverage is their burgeoning economy. whether or not we'll use that is a question. >> the reason i take issue with your logic is their economy is burgeoning because they are destroying ours. so if we prevent them from destroying our economy, that will naturally raise the cost of labor and raise unemploymen
some of the things that i think obama has done effectively. number one, in terms of outreach in currency manipulation. engaging our other g-20 partners saying you can't do that. >> which they are still doing it. so the accomplishment is saying something. >> but he's been praised by a number of foreign policy people from across the spectrum saying that was a good place to start. >> so rereceived praise is talked to people. neither of which solve our trade problem. >> but...
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Feb 14, 2012
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. >> i do not think that -- coming up the $40 pitch president obama is making to extend the payroll tax cut. house gop leaders have made one concessi concession, could the winds of change be coming to capitol hill? we will ask emanuel cleaver when he joins us live next on "now." nyquil: you know i relieve coughs, sneezing, fevers? tylenol: me, too. and nasal congestion. nyquil:what? tissue box (whispering): he said nasal congestion... nyquil: i heard him. anncr vo: tylenol cold multi-symptom nighttime relieves nasal congestion... nyquil cold & flu doesn't. >>> congress needs to extend that tax cut along with vital insurance life lines for folks who have lost their jobs during this recession and they need to do it now without drama and without delay. >> president obama just finished speaking in front of a group americans that may feel the pinch if the tax cut is not extended. republicans say they will agree to extend the tax cut without paying for it but they will not approve medicare payments for doctors extension and the unemployment benefits extension. representative cleaver, thanks f
. >> i do not think that -- coming up the $40 pitch president obama is making to extend the payroll tax cut. house gop leaders have made one concessi concession, could the winds of change be coming to capitol hill? we will ask emanuel cleaver when he joins us live next on "now." nyquil: you know i relieve coughs, sneezing, fevers? tylenol: me, too. and nasal congestion. nyquil:what? tissue box (whispering): he said nasal congestion... nyquil: i heard him. anncr vo: tylenol cold...
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Jul 5, 2012
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now the obama campaign is saying the same thing, that if he doesn't release tax returns dating back further, a number of years back, that this is going to continue to be a problem. what do you think? should he release more of this information? >> well i think he has got to probably have to end up releasing more but the bottom line is, he will have to go on offense and talk about the positive things he is putting out there to get the economy back on its feet again. and so you don't respond directly to what obama is saying. he can defend his record and he has got to learn, started to do it in the primary he is in wisconsin. what is essence of free markets freedom and free enterprise and this is what we need to get america moving. this kind of thing trying to appeal to envy. trying to say the man is successful therefore he is suspect. no, he understands what make this is economy work. he has to demonstrate, romney has to demonstrate that he understands how he can get the typical american back to work. and, i think he will be able to do it. right now we're sort of in a pause in the campaign but
now the obama campaign is saying the same thing, that if he doesn't release tax returns dating back further, a number of years back, that this is going to continue to be a problem. what do you think? should he release more of this information? >> well i think he has got to probably have to end up releasing more but the bottom line is, he will have to go on offense and talk about the positive things he is putting out there to get the economy back on its feet again. and so you don't respond...
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Dec 9, 2012
12/12
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sort of holds all the cards not just with spending cut, but on the tax cuts as well? >> all of these i'm going to stand my ground, they're not working anymore. these pledges, they're not working right now. a lot of them are going to recognize they can't get a big victory right now. >> let's look at a "washington post" poll, it shows who americans where really going blame if we got off the fiscal cliff. 53% say republicans in congress, 27% say president obama. 17% say it's both. what do republicans have in this battle? they really don't have much leverage, do they? >> the democrats faced the same thing in 2000, when george w. bush got elected, they realized they were going to have to scale back and do what he wanted hem to do. they're going to ask for entitle been reform. >> and this is going to happen on december 31st at 11:59? >> boehner and obama are meeting today for a reason because they know they have to do the chest beating inside and out. please, obama's begging, boehner's begging, they're going to finish this up. >>> a popular mexican american singer is missin
sort of holds all the cards not just with spending cut, but on the tax cuts as well? >> all of these i'm going to stand my ground, they're not working anymore. these pledges, they're not working right now. a lot of them are going to recognize they can't get a big victory right now. >> let's look at a "washington post" poll, it shows who americans where really going blame if we got off the fiscal cliff. 53% say republicans in congress, 27% say president obama. 17% say it's...
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Dec 8, 2012
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tax rates? about what his plan was for tax rates? president obama was crystal clear about what he wanted. >> i have said that for incomes over $250,000 a year that we should go back to the rates that we had when bill clinton was president. i want to reform the tax codes so that it's simple, fair, and asks the wealthiest households to pay taxes on incomes over $250,000. the same rate we had when bill clinton was president. we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back to the clinton tax rates. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the
tax rates? about what his plan was for tax rates? president obama was crystal clear about what he wanted. >> i have said that for incomes over $250,000 a year that we should go back to the rates that we had when bill clinton was president. i want to reform the tax codes so that it's simple, fair, and asks the wealthiest households to pay taxes on incomes over $250,000. the same rate we had when bill clinton was president. we have to ask you and me and the wealthiest among us to go back to...
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Apr 17, 2012
04/12
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FOXNEWS
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. >> eric: call it obama tax on success. >> bob: it ought to be a tax -- >> kimberly: how about stop spending so much money? >> bob: the money off of republicans. >> greg: the paycheck in millionaires in connection with media matters. this is all about the progressive class wa warfare. they tell america if you don't agree with me, you're not patriotic. that's treasonous. >> bob: think you should cut taxes on people making over $1 million a year? >> eric: we are getting the wrap. on "the five" you heard about the gsa lavic party on vegas, wasting hard earned money. capitol hill is looking for answers today. here is what happened. ♪ ♪ ern. now back to new york an the colleagues with "the five." ♪ ♪ >> bob: unless you have been on romney's secret campaign list you could haven't missed the story from the gsa where they organized conference of the western gsa group. there has been a little effort at humor here. putting together the following tape of mr. neilly. who has been in office under five presidents, including republicans. go ahead. ♪ ♪ >> mr. chairman on the advice of c
. >> eric: call it obama tax on success. >> bob: it ought to be a tax -- >> kimberly: how about stop spending so much money? >> bob: the money off of republicans. >> greg: the paycheck in millionaires in connection with media matters. this is all about the progressive class wa warfare. they tell america if you don't agree with me, you're not patriotic. that's treasonous. >> bob: think you should cut taxes on people making over $1 million a year? >>...
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Feb 15, 2012
02/12
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WJLA
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. >> pass this middle class tax cut. pass the extension of unemployment insurance. do it before it's too late. i will sign it right away. >> reporter: both sides made concessions. the plan reveals some provisions of the obama health care law, and abandons republicans hope to pay for the reduction with spending cuts. if negotiations stay on track, it could come this week. >> a lot of grateful americans. >>> also, new details on the death of whitney houston. the investigation is now focused on the doctors who wrote her prescriptions. those doctors, along with the pharmacies that filled the prescriptions, could soon get sub peen thats. her funeral will be at the church in newark where she sang as a little girl. the family has decided against a public memorial. >>> there are fears that tensions with iran could lead to terrorist attacks here at home. the nation's police are being warned to be on heightened alert. this comes after several bombings by iranian agents. israel blaming iran for an attack on monday in india. the u.s. thinks that the same kind of terror attack c
. >> pass this middle class tax cut. pass the extension of unemployment insurance. do it before it's too late. i will sign it right away. >> reporter: both sides made concessions. the plan reveals some provisions of the obama health care law, and abandons republicans hope to pay for the reduction with spending cuts. if negotiations stay on track, it could come this week. >> a lot of grateful americans. >>> also, new details on the death of whitney houston. the...
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Dec 26, 2012
12/12
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KPIX
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president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum tax that duds up hitting so many middle class families, and preventing a mbg scheduled drop-off in thdicare reimbursement rates for doctors at the start of the enar. eyre in hawaii, the president has had a low-key chri
president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for...
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Dec 22, 2012
12/12
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CNNW
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president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he bas
president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily...
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Dec 30, 2012
12/12
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CNNW
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the majority of americans supports raising taxes on people who make $250,000 or more. a bigger number of americans support that than voted for president obama. that's one issue. separately is how do we bring down our deficit? do we attack social security entitlements, medicare, medicaid and that's this ideological struggle we're seeing between democrats and republicans that will continue in a series of skirmishes probably over the debt ceiling come february and ongoing until they finally have it out and resolve this for the long term. >> i think the white house's view in political terms is that how he handles himself on this sets the terms of engagement for those subsequent fights. again, a few weeks ago, when i was talking to people at the white house about how they were going to strategize this, they said look, this is a re-set moment and we've got to re-set sort of the balance of power from the 2011 talks. >> i think it's worth emphasizing on the numbers you mentioned the public overwhelming supports raises faxes on the wealthy but on the spending cuts they oppose c
the majority of americans supports raising taxes on people who make $250,000 or more. a bigger number of americans support that than voted for president obama. that's one issue. separately is how do we bring down our deficit? do we attack social security entitlements, medicare, medicaid and that's this ideological struggle we're seeing between democrats and republicans that will continue in a series of skirmishes probably over the debt ceiling come february and ongoing until they finally have...
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Jan 20, 2012
01/12
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MSNBCW
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after losing the payroll tax fight and helping secure the worst approval rating in history, republicans hope to breathe new life into their confused body politics and stave off an obama second term. sheila jackson lee is a democrat from texas. she joins us now. good afternoon. >> a pleasure to be with you. happy new year to you. >> same to you. everybody needs a break and the christmas period allowed members of congress to enjoy some time at home, but isn't it time now to do something constructive for the country? >> martin, it was time two and three weeks ago. we were in washington, democrats the first week of january asking for the speaker of the house to return. we had appointed our conferees to move quickly toward the payroll tax conference. we had a deal for a two-month extension. it was a complete breakdown in terms of reniging on the commitment. finally, the better senses prevailed in a two-month extension was accepted. the only extension that could have been achieved, republicans blocked it for a long period of time. democrats came back the first week in january to move the conf
after losing the payroll tax fight and helping secure the worst approval rating in history, republicans hope to breathe new life into their confused body politics and stave off an obama second term. sheila jackson lee is a democrat from texas. she joins us now. good afternoon. >> a pleasure to be with you. happy new year to you. >> same to you. everybody needs a break and the christmas period allowed members of congress to enjoy some time at home, but isn't it time now to do...
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Dec 22, 2012
12/12
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CNNW
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republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got those numbers this week. that's more than double the rate of pr
republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way....
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Feb 14, 2012
02/12
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MSNBCW
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is pressing for a fast fix to payroll tax holiday. just this morning he called on congress to act fast. >> congress needs to extend that tax cut along with vital insurance life line for folks that lost their jobs. they need to do it without drama and without delay, pass the extension of unemployment insurance and the payroll tax cut and do it before it's late and i'll do it right away. >> senator, it sounds like the president does not want to decouple the payroll tax extension from the unemployment benefits and the so-called doc fix which has to do with the fees that medicare pays doctors and it has to get reformed all the time because apparently the way it was originally passed in law was a mistake. so it's also having to get fixed. it's called a fix. are you okay with this decoupling or do you want it all together? one negotiation? >> i think you are right, the president is signaling that he wants them all to go forward and i share that view. we need to extend the payroll tax cut for the rest of the year to sustain the recovery and
is pressing for a fast fix to payroll tax holiday. just this morning he called on congress to act fast. >> congress needs to extend that tax cut along with vital insurance life line for folks that lost their jobs. they need to do it without drama and without delay, pass the extension of unemployment insurance and the payroll tax cut and do it before it's late and i'll do it right away. >> senator, it sounds like the president does not want to decouple the payroll tax extension from...
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Dec 3, 2012
12/12
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MSNBCW
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. >> only obama can fix entitlements. democrat versus democrat fight over entitlement which mirrors their fighting over taxes. a response to an argument that was starting before former adviser steve ratner and minnesota democratic congressman keith ellison with near glee. there is no real choice about that. we're clear social security is off the table. this is, to me, the much more interesting debate between tom and dan. >> you want republicans arguing. both sides are also battling for control of the debt ceiling which may represent the republicans' greatest point of leverage in these budget talks. goo the speaker of the house says that's a nonstarter. >> silliness. congress will never give up the power. i've made it clear to the president. we need cuts in reform greater than the increase in the debt limit. >> bottom line, you've got to put a detailed plan on the table that the white house ends up agreeing to some of it, rejects some of it in the same way the white house is arguably overplaying their hand on taxes. the qu
. >> only obama can fix entitlements. democrat versus democrat fight over entitlement which mirrors their fighting over taxes. a response to an argument that was starting before former adviser steve ratner and minnesota democratic congressman keith ellison with near glee. there is no real choice about that. we're clear social security is off the table. this is, to me, the much more interesting debate between tom and dan. >> you want republicans arguing. both sides are also battling...
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Dec 9, 2012
12/12
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CNNW
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>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >> no, i do not agree with going off the cliff. we should come to something, some type of an agreement here. but the wealthy should pay their fair share. i do believe in that. >> mayor hall, your town relies on federal funds to keep your water drinkable at the local treatment plant. so how would going off the cliff affect your city budget? >> well, you know, any time that you're dealing with funds that the tax payers money is involve in, you've got to look at the checks and balances and if they cut spending, there is a possibility that that will be cut and our resources will go down the drain liter
>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >>...
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Nov 29, 2012
11/12
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FBC
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president obama is upping the ante in the delicate fiscal of talk. confirming today the white house making no concessions with republicans and taking a hard line on new taxes. the latest proposal includes over one half trillion dollars tax increase, double the republicans want, and it wanted up-front. also $50 billion in new stimulus spending. they want to raise the federal debt limit without congressional approval. no spending let's. the brakes are off. with more on this, the ag holds 18, president of american action far and former cbo director. welcome to you both. i just want to mention a couple of other things that are in this proposal which frankly shocked me. the payroll tax break continues. we have bipartisan agreement that it would expire. and then a permanent increase in the debt limit. we said that. a one-year extension of expanded jobless benefits. the list goes on and on. it's like a christmas tree. >> i think it's very unfortunate there was a moment not too long ago when we thought there was a fair amount of consensus of apparel taxol th
president obama is upping the ante in the delicate fiscal of talk. confirming today the white house making no concessions with republicans and taking a hard line on new taxes. the latest proposal includes over one half trillion dollars tax increase, double the republicans want, and it wanted up-front. also $50 billion in new stimulus spending. they want to raise the federal debt limit without congressional approval. no spending let's. the brakes are off. with more on this, the ag holds 18,...
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247
Nov 9, 2012
11/12
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WBAL
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it is back to work for president obama today as he addresses congress about the fiscal cliff. these are tax increases and automatic spending cuts slated to slam the economy back into a possible recession in january if the house and senate don't intervene. partisan politics have gotten in the way on the issue as republicans refuse to hike tax rates on wealthy americans. the president is expected to urge congress to come together to extend bush era tax cuts for all but the nation's highest earners. >>> the gunman convicted of wounding congresswoman gabrielle giffords in tucson, arizona has now been sentenced to life in prison without parole. giffords stood by her husband's side as the retired astronaut mark kelly confronted shooter jared loughner and told him he couldn't kill the congresswoman's spirit. loughner had agreed to a plea deal earlier to avoid the death penalty. his january, 2011 rampage killed six people and left 13 others including giffords wounded. >>> chrysler is recalling 745,000 jeep suvs in the united states. the company says it needs to fix a part that can cau
it is back to work for president obama today as he addresses congress about the fiscal cliff. these are tax increases and automatic spending cuts slated to slam the economy back into a possible recession in january if the house and senate don't intervene. partisan politics have gotten in the way on the issue as republicans refuse to hike tax rates on wealthy americans. the president is expected to urge congress to come together to extend bush era tax cuts for all but the nation's highest...
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Dec 5, 2012
12/12
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CNNW
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eye 111
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but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just don't have much of a relationship. certainly nowhere near as warm and constructive as the one you ended up having with president clinton. >> first of all, we earned -- you have to ask president clinton this but i think it's a fair thing to say. we earned president clinton's respect in part by closing the government twice and being in a very rough and tumble fight. he came to believe we were serious. we were the first republican congress in 40 years but more importantly, we were the first re-elected republican house since 1928. that happened i think because we showed we actually were serious people willing to take the heat, wil
but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just don't have much of a relationship. certainly nowhere near as warm and constructive as the one you ended...
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Dec 7, 2012
12/12
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CNNW
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the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then there was an initiative put on the ballot, proposition 8, california voted in a close election to overturn same sex marriage. same sex marriage was banned after it was briefly legal. the federal district court had a trial there, and said that law, proposition 8, banning same sex marriage, is unconstitutional. that was affirmed on appeal, that is now appealed to the supreme court and they will now decide whether proposition 8 is constitutional or not. >> when we talk about this as being a historical sort of review, clearly there were different laws passed at the st
the obama administration says, agrees that law is unconstitutional. that law is now being defended by a lawyer hired by the republicans in the house of representatives. so that -- that is one case. the other case is the proposition 8 case in california. if you recall, california -- there was a referendum -- the california supreme court ruled that there had to be same sex marriage under the california constitution. gay people had the right to get married there for a brief period of time. then...